The 14-day BoBC yield dropped to 0.76 percent from 0.79 for a paper maturing on August 31, 2016. The results of the auction held on August 16 are summarised below.
DATE: August 16, 2016
| ISSUE | BoBC310816 |
| TOTAL SUBSCRIBED (P'MILLION) | 2 745.000 |
| TOTAL ALLOTMENT (P’ MILLION) | 2 300.000 |
| STOP-OUT PRICE (P) | 99.968 |
| STOP-OUT YIELD (percent) | 0.84 |
| SIMPLE RATE (percent) | 0.83 |
| WEIGHTED AVERAGE YIELD OF WINNING BIDS (percent) | 0.76 |
| SIMPLE RATE FOR WEIGHTED AVERAGE WINNING BIDS (percent) | 0.76 |
| WEIGHTED AVERAGE PRICE OF WINNING BIDS (Pula) | 99.971 |
| MINIMUM WINNING BID YIELD (percent) | 0.65 |
| MAXIMUM BID YIELD (percent) | 1.50 |
| DAYS TO MATURITY | 14 |
NOTE: BoBC 310816– BIDS ABOVE P99.968 RECEIVED FULL ALLOTMENT WHILE BIDS AT P99.968 RECEIVED AROUND 26.32 PERCENT OF THE AMOUNT APPLIED FOR.